RACKNAP
5
Revenue leakage is loss of business revenue that is unintended and unnoticed.
1.
Manual data entry is one of the main causes of revenue leakage in business as inaccurate data brings huge amount loss .
2.
Unpaid invoices , unraised invoices , missed invoices and payments result in revenue leakage
3.
Pricing mistakes can appear as ongoing promotions that last after a promotional period has ended.
4.
Neither keeping track of the profitability of the projects not knowing your margins can make you experience revenue leakage
5.
If your customer data is not accurate or is outdated then you can experience revenue leakage